Royal Dutch Shell Plc (RDSA) Given “Overweight” Rating at J P Morgan Chase & Co

J P Morgan Chase & Co reaffirmed their overweight rating on shares of Royal Dutch Shell Plc (LON:RDSA) in a report issued on Wednesday. J P Morgan Chase & Co currently has a GBX 2,600 ($33.13) price target on the stock.

RDSA has been the subject of a number of other reports. Citigroup Inc. lowered shares of Royal Dutch Shell Plc to a sell rating in a research note on Wednesday, April 19th. Barclays PLC reaffirmed an overweight rating on shares of Royal Dutch Shell Plc in a research note on Tuesday, May 16th. Credit Suisse Group upped their price objective on shares of Royal Dutch Shell Plc from GBX 2,450 ($31.21) to GBX 2,500 ($31.85) and gave the stock an outperform rating in a research note on Friday, May 5th. HSBC Holdings plc reaffirmed a buy rating and issued a GBX 2,600 ($33.13) price objective on shares of Royal Dutch Shell Plc in a research note on Thursday, March 16th. Finally, Jefferies Group LLC lowered their price objective on shares of Royal Dutch Shell Plc from GBX 2,700 ($34.40) to GBX 2,600 ($33.13) and set a buy rating for the company in a research note on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Royal Dutch Shell Plc presently has a consensus rating of Buy and a consensus target price of GBX 2,426.50 ($30.91).

Royal Dutch Shell Plc (RDSA) opened at 2130.50 on Wednesday. Royal Dutch Shell Plc has a 52 week low of GBX 1,752.50 and a 52 week high of GBX 2,295.50. The company has a 50 day moving average of GBX 2,103.76 and a 200 day moving average of GBX 2,132.49.

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The company also recently declared a dividend, which will be paid on Monday, June 26th. Shareholders of record on Thursday, May 18th will be given a dividend of $0.47 per share. This represents a dividend yield of 1.8%. The ex-dividend date is Thursday, May 18th.

About Royal Dutch Shell Plc

Royal Dutch Shell plc (Shell) is an independent oil and gas company, based in the United Kingdom. It operates in three segments: Upstream, Downstream and Corporate. Upstream combines the operating segments Upstream International and Upstream Americas, which are engaged in searching for and recovering crude oil and natural gas, the liquefaction and transportation of gas, the extraction of bitumen from oil sands and converting it into synthetic crude oil, and wind energy.

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